4 Fast-Growing Industries Your Business Can Learn From

Despite these current economic times, many industries are doing just fine. In fact, they’re doing better than just fine: they’re growing at astonishing rates. When an industry can keep thriving in a challenging climate like this, then it’s a testament to how good and valuable it truly is.

As a business owner or entrepreneur, you can learn a lot from the fast-growing industries discussed in this guide.

Online Gambling  

The online gambling industry is currently in its prime. Since the COVID-19 pandemic hit in 2020, millions of people have started gambling online as a fun hobby. Usually, people will gamble online using the best online casino sites or various different sports betting platforms. 

Amazingly, online gambling interaction levels have gotten so high that the industry was valued at $57.74 billion in 2021. By 2030, it’s expected that most online gambling will be done using smartphones. It’s also highly likely that land-based betting shops will reduce in numbers because everybody is doing it online these days instead. 

eSports 

The eSports industry has taken on a life of its own over recent years. Now, thousands of people are competing in real-life video game tournaments for money, prizes, and prestige. 

Statista says there will be over 318 million eSports fans worldwide by 2025. Clearly, there’s something special about the competitive gaming scene. Not only do people want to compete in it, but they want to watch it, too. This is why most eSports events streamed on YouTube, and Twitch get hundreds of thousands of views during live broadcasts. 

Cryptocurrency

Unless you’ve been living under a rock, you’ll have heard all about cryptocurrency (crypto) by now. There are hundreds of cryptos on the market that people are currently investing in. Of course, the most popular one is Bitcoin. In addition to Bitcoin, there are other fast-growing cryptos like Ethereum and Dogecoin (which Elon Musk himself endorses). 

If the crypto industry continues to grow, then it’s entirely possible that it could receive government regulation before ultimately becoming the default currency for society. For now, though, it’s a case of waiting to see what happens. One thing is certain: your business can learn a lot from the crypto industry.  

Telehealth 

As mentioned earlier, the COVID-19 pandemic helped to kickstart the online gambling craze seen today. The same applies to telehealth. Today, many health organizations and clinics are providing healthcare to patients via video and telephone. The reason for this is that it saves time, effort, and travel while also allowing more patients to speak to their healthcare providers (albeit not in-person). 

Here’s something interesting to consider: the telehealth market is projected to grow from $90.74 billion in 2021 to $636.38 in 2028. That is an astonishing level of growth and indicates that the world is heading in only one direction: digital healthcare. If you run a healthcare business, then you should definitely be keeping tabs on this so that you can stay up-to-date with all the latest industry trends.